Barley futures edged lower on NCDEX on account of offloading of positions by traders amid mounting stocks following higher supplies in spot markets. However, seasonal demand from consuming industries, particularly beer makers restricted the losses to some extent.
The contract for June delivery was trading at Rs 1303.50, down by 0.19% or Rs 2.50 from its previous closing of Rs 1306.00. The open interest of the contract stood at 12580.00 lots.
The contract for July delivery was trading at Rs 1327.00, down by 0.49% or Rs 6.50 from its previous closing of Rs 1333.50. The open interest of the contract stood at 5580.00 lots on NCDEX.
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